ARE debt problems making your life a living hell? Doing your best to pay but creditors just won’t leave you alone? Maybe you get nervous every time the phone rings or get scared to death just opening your mailbox, fearful of what you may find. Deep inside, you know that you can’t continue to live…
MAYBE you’ve experienced this before: You’re driving down the road one cold, chilly day and before you know it, you find yourself surrounded by a thick white wall of dense fog. How did you react? If you’re like most people, perhaps you felt momentarily lost and confused or perhaps even panicked, not knowing what was…
IF you are searching for debt reduction solutions, no doubt you’ve been inundated with advertisements for various debt management programs, companies and solutions. The choices seem confusing to the average consumer. The truth is that every situation is different and what may work perfectly for others is not necessarily going to work the same way…
HAVE you ever faced a situation in your life where you needed help so badly but you were just too afraid or embarrassed to ask for it? Perhaps you felt confused and overwhelmed with the problem that you spent sleepless nights trying to figure out what to do. As a bankruptcy attorney, over the years…
FACING difficult financial times can be a frightening thing for a lot of people. When bill collectors are hounding you, at some point, you realize that something must be done but you just don’t know where to begin or where to go for help. Often, options can also be confusing unless you get the right…
ARE you being harassed by your creditors day and night due to unpaid bills? If you are, you know that this is a pretty unpleasant experience. You may feel scared, angry or embarrassed about your situation. The prospect of debt relief through bankruptcy may sound appealing to you but you are not quite sure if…
IN this week’s article, I would like to address a bad habit that we all tend to have at times. In dealing with debt, it can mean the difference between failure and success. What am I referring to? I am referring to this nasty habit called “procrastination”. “Procrastination” is defined by the dictionary as “putting…
FOR a lot of people, financial concerns can be their number one cause of stress. But worrying without acting doesn’t really solve anything. If you feel that your finances are out of whack, it’s time to take charge and to hold yourself accountable for the results. Here are two steps that may help you reduce…
EVERYDAY, I meet with couples who are deeply in debt. In a lot of cases, I can feel the stress level that they are experiencing while the couple is in my office. Emotions often run high and you can feel the tension in the air. There can be a lot of finger-pointing, resentment, anger, etc….
MOST people are unaware that credit card companies will negotiate with you if they believe that it is in their best interests to do so. Many times you can negotiate a reduction of your interest rate, elimination of late charges and annual membership fees. If you are delinquent in payments, they may even agree to…
DO you want to get out of debt but are afraid that filing bankruptcy may only make things worse for you? Facing difficult financial times can be a frightening thing for a lot of people. When bill collectors are calling day and night, at some point, you realize that something must be done but you…
IF YOU’RE one of the many people who got approved for loan modification many years ago under the HAMP Program, chances are that you obtained a low interest rate of 2% for 5 years and then your interest rate is set to increase after that time period. Other homeowners either did not qualify under HAMP…
I’VE been asked this question a few times lately so I decided to write an article on it. If you have filed bankruptcy before, you may be wondering whether it’s possible to do it again. Generally, the answer is that you can file bankruptcy as often as needed BUT subject to some limitations such as…
ARE you struggling with debt problems and don’t know what to do? Are you unable to sleep at night worrying about your finances? Has the idea of filing for bankruptcy crossed your mind but you’re not sure if this is the right thing to do? Relax. Most people in your situation feel the same way….
IF you are experiencing debt problems, you may find it difficult to talk to other people about it to the point that you are not getting the help that you need to find a solution. I understand. Debt is a very personal matter so most people don’t feel comfortable discussing it with anyone. Like most…
IF you’re one of the many people who got approved for loan modification many years ago under the HAMP Program, chances are that you obtained a low interest rate of 2% for 5 years and then your interest rate is set to increase after that time period. Other homeowners either did not qualify under HAMP…
ARE your growing debts causing you sleepless nights? Are you trying hard to pay what you can every month but feel like you’re just running on a treadmill? Do you get that sick feeling in your stomach every time you realize that you have gotten yourself in more debt than you can actually pay back?…
ARE you facing a mountain of debt that you can’t pay and don’t know what to do about it? Perhaps this situation is causing you a lot of sleepless nights and making you very nervous. What should you do? Debt problems can wreak havoc on your personal life in many ways. And left unsolved, they…
READ this if you owe the IRS money and can’t pay. IRS problems have a way of ruining all aspects of your life. They take a toll on you FINANCIALLY, PHYSICALLY AND EMOTIONALLY. They’re there when you go to bed at night and they’re there when you wake up in the morning. The IRS is…
FROM what I’ve witnessed in the last 15 years as a bankruptcy attorney, debt problems can put a huge stress on any marriage. When couples are going through a financial crisis, they are often deeply frustrated with one another especially when they are not on the same page as to what they need to do…
WHEN people are going through financial difficulty and are unable to pay their bills, their first reaction is often to ignore their debts and avoid contact with creditors. They think that by doing this, somehow the creditors will simply give up and go away. Then one day the problem blows up in their face. Then…
THE recession has been tough on a lot of small businesses. And if you have a family-owned business that is your only source of income, the business may not even be making enough to pay its own expenses- let alone pay you. Good business practice says that you should pay yourself first but in practice…
Do you want to get out of debt but are afraid that filing bankruptcy may only make things worse for you? Facing difficult financial times can be a frightening thing for a lot of people. When bill collectors are calling day and night, at some point, you realize that something must be done but you…
I KNOW we’ve never met. But there’s a common concern we all share. As a debt relief attorney, I hear it from people who consult with me every day. It is this: The possibility of losing what we’ve worked hard for all our lives…our homes, our savings, our retirement money, our business, etc. Why is…
PEOPLE come to me every day with different reasons for getting out of debt. Most of the time, I’m thinking that they would have been better off had they come to me sooner to get help. Had they done this, they’d be doing a lot better by now and could have avoided a lot of…
MAYBE you’ve experienced this before: You’re driving down the road one cold, chilly day and before you know it, you find yourself surrounded by a thick white wall of dense fog. How did you react to the situation? If you’re like most people, perhaps you felt momentarily lost and confused or perhaps even panicked, not…
HOW much debt is too much? Are you worried that you have accumulated more debt than you can afford to pay back? One of the smartest things you can do in managing your finances is to know at all times how much total debt you have. Look at all your bills every month and review…
ARE you having problems paying your debts? Are creditors calling you day and night threatening you with a wage garnishment, repossession or foreclosure? Are you starting to feel hopeless and depressed about your situation and don’t know where to turn for help? The last few years have been tough for a lot of people. You…
IF YOU are facing the prospect of filing bankruptcy for the first time in your life, this could be a frightening process. You probably have a thousand questions going through your mind as you contemplate your next move. Is bankruptcy the right thing to do or will it only make my situation worse? Will I…
A PROSPECTIVE client was consulting with me the other day about credit card debts that have been piling up. He looked shocked and confused as we sorted through all the credit card statements on my desk and added up how much he owed. $65,000! That’s how much the statements said he owed! How could this…
